Saturday, 10th March 2018

Consider Bitcoin a grand middle finger. It’s a prank, almost a parody of the global financial system, that turned into a bubble. “You plutocrats of Davos may think you control the global money supply,” the pranksters seem to say. “But humans will make an economy out of anything. Even this!”

I’m still a novice to the healthcare space, but if I walked away with a single insight, it’s that the problems of the US healthcare system are very tractable. The high cost and mixed results are unique to our system. There are incumbents fighting fiercely to maintain the status quo, but no more so than in other industries that technology has overturned. The regulatory environment is complex, but again not uniquely so. There are industries where one has to dig to find the problems that technology is well suited to solve, but US healthcare, an industry that communicates via fax, is not one of them.